COMING EVENT
Sponsorship Opportunity
If you are interested in sponsoring the event, please contact Patricia Chiu at Tel: 2845 6100 / Email: patchiu@hkvca.com.hk
COMING EVENT
The European Venture Philanthropy Network was launched in 2005 and now has 128 members in 22 countries. The concept behind Venture Philanthropy is to bring a mindset and methodology of approaching charities and social enterprise as a business. The alignment of Venture Philanthropy and Private Equity is that both view their role as investing a combination of money and time to maximise specific goals in the enterprises they support. Doug is briefly in Hong Kong to promote the launch of Asian version of Venture Philanthropy for which he has already obtained sponsorship from Baring Private Equity Asia, CVC Asia Pacific, 3i, Adams Street and KPMG.
 

Date: March 4, 2011 (Friday)

Time: 12:30 – 2:00 pm

Venue: 33/F Alexandra House,
18 Chater Road, Central, Hong Kong
(PAMA Group’s Board Room)

Speaker: Mr. Doug Miller
Co-founder and Chairman
European Venture Philanthropy Association

 

COMING EVENT

Date: March 22, 2011 (Tuesday)

Time: 12:30 – 2:00 pm

Venue: The China Club,
14/F Old Bank of China,
1 Bank Street, Central, Hong Kong

Outline: General overview of Alternative Energy Investing... GE's experience

» Outlook for key sectors:
• Wind
• Solar
• Nuclear
• Others

» Outlook for regulatory support:
• Asia
• Europe
• Americas

» Case studies from GE

» Conclusion

Speaker: Mr. Mark Chen
Senior Managing Director
GE Equity Asia

COMING EVENT
We welcome all those working in private equity / venture capital and associated industries (non-senior management).
SAVE THE DATE
2010 saw another year of strong growth by RMB funds. In 2010 RMB funds accounted for 65% of the number of deals and 55% of total investment amount in the China Private Equity market. At the same time, it is important to note that foreign fund managers are raising RMB funds, while domestic fund managers are raising foreign currency funds as well. Going forward, how will these two forces interact and affect the ecosystem and the competitive landscape? What is the impact on fund raising, investments, portfolio monitoring, and exits?
Gold Sponsors:
Sponsorship Opportunity
If you are interested in sponsoring the event, please contact Patricia Chiu at Tel: 2845 6100 / Email: patchiu@hkvca.com.hk
COMING EVENT

HKVCA Members are invited to join the next breakfast meeting to networking and information share.


Date:
 March 7, 2011
 
 April 11, 2011

Time: 8:00 - 9:00am

Venue: The Hong Kong Club

Seats are limited and registration is on first-come-first-serve basis.

For enquiry, please call (852) 2845 6100.
Members Notice
HKVCA Membership Renewal 2011
Since 1987, HKVCA has worked on behalf of all Venture Capital and Private Equity firms to promote private equity as high value-add partners to businesses and for its recognition as a strong driver for growth in enterprises and economies.

HKVCA's mission is to stimulate a vibrant venture capital and private equity industry in Asia while promoting the role of member firms in value creation, innovation and economic development. HKVCA provides a forum for networking and experience sharing for its members; promotes industry professional ethics, international best practices and standards; and represents the views of its members before governmental and other relevant bodies.

Your participation and support is of utmost importance in helping the Association fulfill its role. We urge your active involvement and contribution to the community.

If you wish to help us in any way, please contact Patricia Chiu at patchiu@hkvca.com.hk or Ivan Yip at iyip@hkvca.com.hk. Invoices have been sent for renewal. We very much hope you would continue to support our work and we look forward to your continued membership in the Association.

If there is a change of the representative/s of your firm, kindly update your firm's record by completing the attached form.
Membership Record Updates Form

• Full Member Update Form
• Associate Member Update Form
RESOURCE

RMB funds update
New rules in effect in February 2011 represent an opportunity for certain sophisticated foreign managers and institutional investors looking to benefit from participation in Chinese private equity.

Economic Outlook of China 2011
The Communist Party of China (“CPC”) Central Committee issued a Proposal on formulating the 12th Five-Year Plan (2011 to 2015) on the national economic and social development. This Proposal was adopted at the fifth Session of the 17th CPC Central Committee on 18 October 2010. Establishing a well-off society and developing China's economy would be the major objectives for the 12th Five-Year Plan. Changes in the accounting and auditing standards, the taxation policies as well as policies for foreign direct investments, outbound investment and internationalisation of Renminbi are anticipated.

China introduces new "National Security" foreign investment review
The State Council has announced the establishment of a system for review of national security implications of foreign direct investment, to take effect on 5 March 2011. Apart from imposing an additional condition on foreign investors engaging in M&A in China, the announcement represents a further attempt by the authorities to institute a formal system of foreign investment oversight.

Comment to the Securities and Exchange Commission (SEC)
HKVCA endorsed O'Melveny & Myers's letter to the SEC covering
i) The $25 million threshold for the “Foreign Private Adviser Exemption” should be increased to $100 million; ii) An alternative AUM calculation methodology that would address the fluctuation of asset and currency values should be adopted; iii) Fund Valuation Reporting should be kept confidential; iv) Summary of recommendations.

NEW FAQs Section
To enhance the support to members, a new FAQs section under Resource Page has been launched.  Members are welcomed to raise questions related to the industry through the webpage. The questions will be vetted and answered by Resource committee in batches.

OTHER EVENT Supported by HKVCA

2011 China RMB Funds Forum

Date: April 22, 2011
Venue: Beijing
Language: English and Mandarin
Organizer: China Entrepreneurs (CEBEX Group)
Registration: 20% discount for HKVCA members

 

Based on the success of the 2010 CE RMB Funds Forum, April 22, 2011, CE will launch the second RMB Funds Forum with more flexible patterns and insightful topics. Topics covered will include development trend of the RMB funds, analysis of QFLP policy, the hybrid development of RMB funds and foreign funds and etc. This forum aims to help LPs / GPs understanding the trend of policies indicated and analyzing funds landscape more insightful. And also build an excellent social networking communication platform for all attendees.


For more details, PLS visit website www.cebexgroup.com
OTHER EVENT Supported by HKVCA

CCCHK Mining and Resources Investment Forum

Date: March 21, 2011
Venue: The Mira Hong Kong (tbc)
Language: English
Organizer: The Canadian Chamber of Commerce in Hong Kong
Registration: Free for full member

You are invited to participate to an exciting opportunity, The CCCHK Mining and Resources Investment Forum, which will be held on Monday, March 21st, 2011. As an investor, don’t miss the chance to get introduced to high potential investment opportunities, different companies and projects.

In light of the recent success with the Canada Mineral Investment Forum in November 2010, The Chamber will capitalize on the congregation of the biggest group of mining investment professionals in Asia this year at Mines & Money. The last event caught the eye of over 150 attendees and The Economist.  

This opportunity will be a one-day event allowing mining and resources (including oil & gas) players to meet with potential investors from the PE, VC and broader investment community. For this edition, the Chamber is expecting approximately 150 people.  Sign up has already started and interest is strong.

Attendance is free for qualified investors. Service providers will be admitted on a case by case basis. Please provide a one paragraph description of your firm with your application.

For more details, PLS visit website  http://ccchkminingresources.posterous.com/. For registration and enquiry, please contact 2110 8700 or resourcesinvestment@cancham.org
OTHER EVENT Supported by HKVCA

SmartHK

Date: May 12-13, 2011
Venue: Guangzhou Jin Han Exhibition Centre
Organizer: Hong Kong Trade Development Council
Registration: 30% early bird discount for HKVCA members (before 11 March 2011)

SmartHK – HKTDC's 1st exposition on "innovation & industry upgrading"
SmartHK will focus on the one-stop solutions by HK service providers to manufacturers & retailers, brand owners, private enterprises, etc.  Exhibitors can choose to join one of the 3 scopes:

• Marketing & Management Upgrading:  Finance, Mergers & acquisitions; Corporate management; Accounting; Legal; Business consulting; Advertising & marketing; Logistics; Training

• Innovation & Design:  Architectural & interior design; Design & branding; Licensing; Printing & packaging services

• Technological Advancement: Environmental technology; ICT; New materials; Production technology; Quality control, testing and certification

For more details, pls visit the event website here.

If you are interested in the SmartHK, please contact Miss Sammi Ng at +852 2584 4355 or E-mail: sammi.sy.ng@hktdc.org
OTHER EVENT Supported by HKVCA

ABVCAP 2011 Annual Conference

Date: April 11-12, 2011
Venue: Sheraton São Paulo WTC Hotel – São Paulo
Organizer: Brazilian Private Equity & Venture Capital Association (ABVCAP)
Registration: 15% discount to HKVCA members

ABVCAP's annual conference, the largest private equity and venture capital event in Latin America,  will be held at the Sheraton São Paulo WTC Hotel - (Av. das Nações Unidas, 12559, Itaim Bibi - SP) on 11-12 April 2011.  In 2010, more than 600 people gathered in Rio de Janeiro to exchange experiences, network and learn more about the Brazilian private equity and venture capital, a solid and growing industry.

The continued growth of the local private equity and venture capital industry, the increasing interest from international players, along with a long period of political stability, economical growth, expansion of the middle class among other reasons, have positioned Brazil as one of the main global markets for investments. The 2011 Conference entitled “Brazil on the route to sustainable development and long-term investments” (www.congressoabvcap.com.br) will address topics on what makes Brazil a strong market for private equity and venture capital investments. What are the emerging opportunities and difficulties? How does the new play field looks like?

For online registration, please click here.
OTHER EVENT Supported by HKVCA

The Private Equity International Asia Forum 2011

Date: 12-13 April 2011
Venue: Four Seasons Hotel, Hong Kong
Language: English
Organizer: PEI Media
Registration: 10% discount to HKVCA members

PEI is delighted to announce our sixth annual Private Equity International Forum: Asia, taking place on 12-13 April 2011 in Hong Kong.

Over the past six years, the forum has been the preeminent congress for the industry to step back, analyse and contribute to the development and growth of private equity across Asia. Synonymous with thought-provoking agendas, insightful speakers and superior networking opportunities, it has become the key platform for regional and international LPs and GPs to discuss, debate, predict and promote private equity in the region.

For full details of the forum agenda and speaker lineup, please go to www.peimedia.com/hk11

HKVCA members receive a 10% discount on the registration price.
Quote code HKVCA11
To book contact Xin Yan on +65 6838 4563 or xinyan.k@peimedia.com.

 
   
EVENT CALENDAR
March 22
Luncheon Talk: Alternative Energy Investing... GE's experience
March 25
HKVCA 8th Annual Golf Day
June 13
HKVCA 10th China PE Summit
June 23
HKVCA 24th Annual General Meeting
NEW MEMBERS WELCOME
Full Member

Advantage Partners (HK) Ltd
Represented by
Mr. Emmett Thomas

Advantage Partners is a private equity investment firm founded in 1992. The firm focuses on buy-outs, buy-ins and other private equity opportunities in Japan and Greater China. The firm was founded in 1992 and organized the first buy-out fund in Japan in 1997. Currently investing out of it's fourth fund, Advantage Partners has made more than 30 investments with capital deployed of over US$4 billion.

Adam Smith Capital Ltd
Represented by
Mr. Didier Lamache and
Mrs. Clara Ingen-housz

Associate Member

Deacons
Represented by
Ms. Susan Gordon and Ms Machinanna Chu

Deacons is the oldest and largest independent law firm in Hong Kong. Beyond our headquarters in Hong Kong, we have three representative offices in China. Deacons' Private Equity practice can assist on matters from fund formation to investment transactions drawing on the expertise of partners in our funds, M&A, corporate finance and banking groups.

Lister Swartz
Represented by
Mr. John Lo and Ms. Kristi Swartz

Ropes & Gray
Represented by
Mr. Scott Jalowayski

Ropes & Gray is a leading global law firm with offices in the US, Hong Kong, Tokyo, and London. Our professionals in Asia counsel a broad spectrum of multinational clients with a focus on the Private Equity and Life Sciences industries in their complex, cross-border legal matters, including LBO’s, strategic M&A transactions and joint ventures, capital markets and other fund raising activities, as well as global intellectual property protection and enforcement strategies.

Alvarez & Marsal Asia Ltd
Represented by
Mr. Oliver Stratton and Mr. Tom Jones

Angus Moore Wealth Management Ltd
Represented by
Ms. Janet Yeung and Mr. Ken Wong

SecondMarket Asia Ltd
Represented by
Mr. David Berger

Grant Thornton Jingdu Tianhua
Represented by
Mr. Barry Tong and Mr. Michael Sim

Grant Thornton Jingdu Tianhua offers a full range of assurance, tax and advisory services to privately held businesses and listed companies of all sizes. We are the Hong Kong member firm of Grant Thornton International Ltd, one of the world's leading organisations of independently owned and managed accounting and consulting firms. We are also an integrated part of Grant Thornton China, benefiting from the strong support of the national platform across mainland China, with ten offices and over 1,500 staff.

Law Debenture Trust (Asia) Ltd
Represented by
Ms Carmen Lai and Ms Alisa Mak

Law Debenture is an independent trust company headquartered in London with offices in Hong Kong, New York and the Channel Islands and listed on the London Stock Exchange. Whilst best known for representing investors in the international capital markets, Law Debenture also provides a full range of other corporate trustee and escrow services in relation to mergers and acquisitions and other corporate requirements; they have experience of working in many jurisdictions all over the world.

RECENT EVENTS REPORT
HKVCA Private Equity Fundamentals Course
February 2011



HKVCA Private Equity Fundamentals Course was attended by more than 80 participants. A new module was added this year covering the whole process of Early Stage Investment, Deal Sourcing and Structuring, Valuation and Deal Protection, Management of Portfolio Company and Exit Strategies. The course is highly rated by the participants. HKVCA thanks all the instructors. They are highly experienced practitioners who dedicated valuable time and effort in sharing their knowledge and expertise.



HKVCA Member Monthly Breakfast
February 7, 2011



The HKVCA Member Monthly Breakfast is generally scheduled on the first Monday of each month. It provides an excellent opportunity for our members to network and to meet our Executive Committee.
The Hong Kong Business Angel Network ("HKBAN"), a network established by the founding members HKVCA, Hong Kong Science and Technology Parks and the technology transfer offices of the major universities in Hong Kong. HKBAN is a platform for angels and entrepreneurs to facilitate the funding and development of young businesses.

HKVCA is now soliciting the registration of angels who invest in seed and early stage opportunities raising up to HK$5,000,000. Please recommend colleagues, friends and investment partners who may be appropriate as angel investors.

For registration, please send the completed form to Sam Wong at swong@hkvca.com.hk or Tel: 2845 6100.
 
JOB CORNER ON HKVCA WEBSITE


Attracting and retaining talent has always been the key to long-term success of any great company. HKVCA welcomes member firms to advertise their openings on HKVCA website. If there are vacancies in your firm, please fill in the attached form and email to enquiry@hkvca.com.hk

Each opening will be posted on HKVCA's website for one month. The service is free of charge.

:: Job Placement Form ::

See Job Opening
STATUS AS A RECOGNISED INSTITUTION FOR PROVIDING CPT (CONTINUOUS PROFESSIONAL TRAINING)
The Hong Kong Securities and Futures Commission (HKSFC) has approved HKVCA as a Recognised Institution for Providing CPT (Continuous Professional Training). HKVCA's training courses, seminars, summits, conferences and forums may be applicable for claiming CPT points. For more details, please refer to "Education" section of our website.
HKVCA SPEAKERS


HKVCA receives regular requests from various trade bodies and associations for speaker roles. Would you like to get involved and speak on behalf of HKVCA and promote our association and industry? Please contact Patricia Chiu at Tel: (852) 2845 6100 or patchiu@hkvca.com.hk to enroll on our speakers list.
HKVCA Corporate rate is available

at Hong Kong:
• Conrad Hotel HK,
• Fleming Hotel HK


at Shanghai:
• L'otel Shanghai

Contact Ms. Lilia Chin at lchin@hkvca.com.hk for more details.
 
 

Hong Kong Venture Capital and Private Equity Association Limited
Tel: (852) 2845 6100      Fax: (852) 2537 0086
Website: http://www.hkvca.com.hk      Email: enquiry@hkvca.com.hk
 
Disclaimers
The HKVCA newsletter may contain information that is created and maintained by a variety of sources both internal and external to HKVCA. The newsletter may contain the personal opinions and other expressions of the persons who post the entries. HKVCA does not control, monitor or guarantee the information contained in links to other external web sites, and does not endorse any views expressed or products or services offered therein. In no event shall HKVCA be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such site or resource.